FIS Q2 profit of $231 million, adjusted EPS up 8.8%, but pro forma outlook cut
FIS reported second-quarter 2026 GAAP net earnings attributable to the company of $231 million, or $0.45 per diluted share, compared with a loss of $470 million a year earlier, and adjusted EPS of $1.48, up 8.8%. Reported revenue rose 29% to $3.4 billion, largely reflecting the Total Issuing Solutions acquisition, while pro forma revenue grew 5.3%. The company cut its full-year 2026 pro forma revenue and adjusted EBITDA growth outlooks, raised its free cash flow target by $100 million, and said it has temporarily curtailed share repurchases to accelerate deleveraging.
Key points
- Q2 GAAP diluted EPS of $0.45 versus a loss of $0.90 a year earlier; adjusted EPS of $1.48, up 8.8%
- Reported revenue of $3,377 million, up 29%; pro forma revenue growth of 5.3%
- Full-year 2026 pro forma revenue growth outlook lowered to 4.5% to 5.0% from 5.1% to 5.7%; pro forma adjusted EBITDA growth lowered to 5.9% to 6.9% from 7.2% to 8.4%
- Free cash flow target raised by $100 million to $2.15 billion to $2.25 billion; share repurchases curtailed, with $42 million repurchased in the quarter
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 04, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.